Take-Two Interactive changing of the guard

Surfing the News halls of IGN, I came across an article talking about the CEO of Take Two Interactive Ben Feder resigning.  His reasoning behind leaving Take Two which was covered in a press release on October 29th is to travel to Asia with his family for an extended period of time (WHO DID YOU PISS OFF SIR).  But he will be remaining as a partner with Take Two’s parent Company ZelnickMedia which coincidentally the role of CEO will be transferred to ZelnickMedia Executive Chairman Strauss Zelnick.  In a quote from David Valjalo’s Edge Magazine article on the subject Ben Feder says. “I am proud of our team for transforming Take-Two into a more profitable, more diversified and growth-oriented company.  Now that the Company is in a position of strength and is poised for solid performance in the future, the time is right for me to honor certain commitments that I have made to my family.”  Now begins the transition period for Take-Two as Ben Feder and Company Vice President Karl Slatoff vet the new incoming CEO.  Ben Feder will officially stand down as CEO of Take-Two on January 1, 2011

Sources: http://ps3.ign.com/articles/113/1131264p1.html ign’s article which inspired this post
http://ir.take2games.com/phoenix.zhtml?c=86428&p=irol-newsArticle&ID=1489151&highlight= take-two’s corporate new article from their official site
http://www.next-gen.biz/news/ben-feder-steps-down-from-take-two David Valjalo’s article on the subject